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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (97590)	2/22/2021 10:45:00 AM
From: Goose94	Read Replies (1) \| Respond to of 202721

Discovery Metals (DSV-V) Warrant Exercises, Resulting In Increased Cash Balance Of Cdn$98 Million Feb 22, '21 - NR An aggregate of 31.14 million common share purchase warrants of Discovery Metals Corp. with an exercise price of $1 have been exercised prior to their expiry on Feb. 17, 2021. The exercises resulted in gross proceeds of approximately $31-million. The Company's current cash balance has increased to approximately C$98 million. Taj Singh, president and chief executive officer, commented: "The exercise and expiry of these warrants is a significant positive event as it bolsters our cash position and eliminates the selling pressure typically experienced with warrant expiration. In the last six weeks 18 million warrants were exercised. With a cash balance of nearly $100M Discovery is in a solid position to rapidly advance the Cordero project, one of the largest undeveloped silver assets in the world, at a time when silver demand is very strong and sizeable development assets are in short supply." About Discovery Metals Corp. Discovery's flagship project is its 100%-owned Cordero silver project in Chihuahua State, Mexico. Our drill results to date show that Cordero is developing all the attributes of a tier 1 project -- grade, scale, significant organic growth opportunities and well located in one of Mexico's premier mining belts. The project is supported by an industry leading balance sheet with no debt and over $90 million of cash allocated for aggressive exploration, resource expansion and future development. Discovery was a recipient of the 2020 TSX Venture 50 award and the 2021 OTCQX Best 50 award. On Behalf of the Board of Directors, Taj Singh, M.Eng, P.Eng, CPA, President, Chief Executive Officer and Director For further information contact: Forbes Gemmell, CFA VP Corporate Development & Investor Relations Phone: 416-613-9410 Email: forbes.gemmell@dsvmetals.com Website: www.dsvmetals.com